A Warranty Deed is a legal document used in real estate transactions to transfer ownership of a property from a seller to a buyer. In Guam, the Guam Warranty Deed for Surface with Limited Warranty is specifically designed to establish ownership rights and protect the buyer's interests for surface rights on a property. This type of Warranty Deed provides a limited warranty, meaning that the seller guarantees they have the legal right to sell the property, but they do not make any warranties about the property's condition or past ownership. Guam has different types of Warranty Deeds for Surface with Limited Warranty, depending on the specific requirements or circumstances: 1. Residential Warranty Deed for Surface with Limited Warranty: This type of deed is commonly used for residential properties in Guam. It ensures the limited warranty protection for surface rights, allowing the buyer to have confidence in their ownership. 2. Commercial Warranty Deed for Surface with Limited Warranty: For commercial properties, this Warranty Deed offers the same limited warranty protection as the residential version. It is used when transferring ownership of commercial properties in Guam. 3. Agricultural Warranty Deed for Surface with Limited Warranty: When dealing with agricultural lands or farms, this specific type of deed provides limited warranty protection for the surface rights. It is crucial for buyers and sellers in the agricultural sector to have their land rights properly documented. 4. Vacant Land Warranty Deed for Surface with Limited Warranty: This type of Warranty Deed is utilized when transferring ownership of vacant lands in Guam. It ensures that the buyer is protected regarding the surface rights of the property. By using a Guam Warranty Deed for Surface with Limited Warranty, both parties involved in the real estate transaction can have peace of mind knowing that the transfer of property ownership is legally binding. It is vital for both the buyer and seller to consult with a legal professional to ensure the deed is properly executed and recorded to protect their interests.